PCMA: CBO Warns Public Disclosure of Drug-Pricing Information Could Increase Medicare Costs by Billions of Dollars
U.S. Newswire, March, 2007
To: POLITICAL EDITORS
Contact: Phil Blando, 1-202-207-3614, or Charles Cote, 1-202- 207-3605, both of the Pharmaceutical Care Management Association
WASHINGTON, March 13 /PRNewswire-USNewswire/ -- A new analysis from the Congressional Budget Office (CBO) finding that public disclosure of drug- pricing information could potentially increase the cost of the Medicare prescription drug benefit by billions of dollars and facilitate "tacit collusion" among drug manufacturers underscores that one-size-fits-all public disclosure would only serve to increase drug costs and empower drugmakers to charge higher prices, the Pharmaceutical Care Management Association (PCMA) said today.
PCMA is the national association representing America's pharmacy benefit managers (PBMs),...
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